The office sector accounted for 66% of total investment volumes recorded in Romania’s commercial real estate sector in the first semester. Deals worth close to €290 were closed in the first half, down 41% year-on-year, according to a report by real estate consultancy Colliers. 

Industrial and logistics developer VGP recorded a net profit of €203.8 million in the first half of 2021. VGP announced its financial and operational results for H1 2021.

AIA Group Limited has formed a strategic partnership with GLP to invest in the global logistics real estate industry and related opportunities.

CTP, the owner and operator of industrial and logistics projects, will invest in a new cargo terminal located in western Romania.  

GARBE Industrial Real Estate Poland has acquired a new flagship production and warehouse facility of Hubergroup located in Wroclaw. The parties have signed a Preliminary Purchase Agreement for a new 22,000 sqm Build-to-Suit facility, on a 20-year term sale & leaseback transaction.

The Czech Republic once again ranks high in the rating of the 47 best manufacturing destinations. Thanks to a good score in all criteria such as operating costs, labour, political and economic risk and the ability to bounce back after the coronavirus crisis, the country came fifth globally and first in Europe. Since 2016 when the Czech Republic was included in Cushman & Wakefield’s Manufacturing Risk Index for the first time, it has been ranked among the best manufacturing destinations on a regular basis.

Hungarian developer Infogroup has completed the latest building in its Eastern Hungarian industrial complex in the Polgári Industrial Park, which it also operates.  The 4,500 sqm industrial/logistics hall is an extension to an existing 27,000 sqm project in the park.

Austrian company Karimpol Group officially launched the construction of the Squarebizz Bory project in Bratislava which will include retail, storage and office space. Peter Šmitala, Project Manager at Karimpol Slovakia talked to Property Forum about the project and the company’s future plans.

MLP Group has received a Very Good BREEAM International New Construction certificate for its new project at the MLP Pruszków II logistics centre.

Demand for warehouses at 3.15 million sqm and new supply at 1.14 million sqm set new H1 records for the industrial market. Poland registers Europe’s second-highest developer activity with over three million sqm under construction. JLL summarised Poland’s industrial market for H1 2021.